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Policy Notes

Pandemic Contribution Levy –Individuals

The Pandemic Contribution Levy on individuals will be levied on income from sources in Barbados including income from a business, office, employment, rents, dividends, interest and director’s remuneration/fees. Please note that this list is not exhaustive.

Pension income, benefits in kind, interest on Government of Barbados Bonds and foreign sourced dividend income are excluded.

Effective April 1, 2022 the levy will be charged on employed and self-employed income of individuals. This levy is payable in addition to the individual’s income tax obligations and is not deductible for tax purposes.
The rate of the levy is 1% and its imposition ends on March 31, 2023. The expiration of the levy does not extinguish the obligation to pay past sums and therefore sums subsisting after the expiration continues as a liability until the amount due and owing is fully satisfied.

Click here to view the Policy Note P&F No. 002/2022